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Hi Mr. Mahesan,

Yes once your private property is sold and completed, you would be considered to have ownership of 1 property count (HDB). When you get your landed property, ABSD of 7% will apply as its considered your 2nd property. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Good evening,

As you are the co-owner of the HDB unit, you will be required to pay ABSD should you choose to purchase the landed property with your spouse as joint owners.
Since you are selling off your condo first, 7% ABSD will be payable. If your spouse have the financial capability to purchase the landed property under her name, you will then not be liable for ABSD payment.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Hi,
The next purchase will be consider your 2nd property, the 7% ABSD will apply. Please drop me an email for me to share more details.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi Sir,

In the above scenario, it will be considered your 2nd property, and you will be liable for 7% ABSD.

However, there are some ways which you may explore, to see if you can save on this ABSD. Do get in touch with me for further discussion on this matter.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Mr Mahesan,

The landed property will be your 2nd property, thus subjected to 7% ABSD.

Suggest to transfer your HDB ownership to your mother to avoid incurring ABSD, as your mother can still hold onto the HDB alone.
Of course, this suggestion only valid if just considering from financial point of view.

I would like to contribute more if there are other considerating factors that hinder you from making decision.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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